So what: Net sales fell 8.5% to $26.8 million as both prices and volumes fell. On the bottom line, profitability improved and the company reported adjusted income from continuing operations of $7.1 million, or $0.16 per share, up from $4.5 million a year ago. Analysts expected earnings of $0.20 per share.

Now what: The disappointing earnings numbers are pushing the stock lower and future results don't look promising. Management said that volumes won't pick up in the fiscal fourth quarter, and raw materials costs are expected to go up. With revenue headed in the wrong direction and the bottom line disappointing analysts, I don't think the dip is worth buying today.

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